Fenn Systems: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Fenn Systems
Largest movements
- Receivables within one year -€9,046
down €9,046 (-54.1%), from €16,732 to €7,686
- Cash +€4,131
up €4,131 (+104.4%), from €3,958 to €8,089
mainly Receivables within one year (+€9,046) and Net result for the year (+€5,080)
- Tangible fixed assets +€1,695
new in 2026: €1,695
- Other debts -€8,900
down €8,900 (-65.6%), from €13,571 to €4,671
- Reserves +€5,080
up €5,080 (+131.2%), from €3,872 to €8,952
- Tax, wage and social debts +€477
up €477 (+63.9%), from €746 to €1,223
- Gross operating margin +€3,752
up €3,752 (+113.2%), from €3,314 to €7,067
- Financial charges -€1,965
down €1,965 (-98.0%), from €2,005 to €40
- Taxes +€1,067
up €1,067 (+682.6%), from €156 to €1,223
- Depreciation +€180
new in 2026: €180
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,689 | €17,527 | -€3,162 | -15.3% |
| Fixed assets | 21/28 | - | €1,695 | +€1,695 | |
| Tangible fixed assets | 22/27 | - | €1,695 | +€1,695 | |
| Plant, machinery and equipment | 23 | - | €1,695 | +€1,695 | |
| Current assets | 29/58 | €20,689 | €15,832 | -€4,857 | -23.5% |
| Amounts receivable within one year | 40/41 | €16,732 | €7,686 | -€9,046 | -54.1% |
| Other amounts receivable | 41 | €16,732 | €7,686 | -€9,046 | -54.1% |
| Cash at bank and in hand | 54/58 | €3,958 | €8,089 | +€4,131 | +104.4% |
| Deferred charges and accrued income | 490/1 | - | €58 | +€58 | |
| Total equity and liabilities | 10/49 | €20,689 | €17,527 | -€3,162 | -15.3% |
| Equity | 10/15 | €6,372 | €11,452 | +€5,080 | +79.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €3,872 | €8,952 | +€5,080 | +131.2% |
| Distributable reserves | 133 | €3,872 | €8,952 | +€5,080 | +131.2% |
| Amounts payable | 17/49 | €14,317 | €6,076 | -€8,242 | -57.6% |
| Amounts payable within one year | 42/48 | €14,317 | €6,076 | -€8,242 | -57.6% |
| Trade debts | 44 | - | €182 | +€182 | |
| Suppliers | 440/4 | - | €182 | +€182 | |
| Taxes, remuneration and social security | 45 | €746 | €1,223 | +€477 | +63.9% |
| Taxes | 450/3 | €746 | €1,223 | +€477 | +63.9% |
| Other amounts payable | 47/48 | €13,571 | €4,671 | -€8,900 | -65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €180 | +€180 | |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €3,314 | €7,067 | +€3,752 | +113.2% |
| Operating profit (loss) | 9901 | €2,787 | €6,343 | +€3,556 | +127.6% |
| Financial charges | 65/66B | €2,005 | €40 | -€1,965 | -98.0% |
| Recurring financial charges | 65 | €2,005 | €40 | -€1,965 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | €781 | €6,303 | +€5,521 | +706.6% |
| Income taxes | 67/77 | €156 | €1,223 | +€1,067 | +682.6% |
| Profit (loss) for the period | 9904 | €625 | €5,080 | +€4,454 | +712.6% |
| Profit (loss) for the period to be appropriated | 9905 | €625 | €5,080 | +€4,454 | +712.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.